1631 Fairmount Avenue

Philadelphia, PA 19130

$599,000
Price
Beds
2,925 Sq. Ft.
$205 / Sq. Ft.
2,925
Sq. Ft.
$205
per Sq. Ft.

Property Details for 1631 Fairmount Avenue

StatusActive Under Contract
MLS #PAPH851724
Year Built1920
DOM12
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Lot Size0.03 AC / 1,134 SF
Taxes$7,373 / year
Condo/Co-op Fees-
HOA Fees-
CountyPhiladelphia County

Listing Agent

Contact Agent(s)

Property Details for 1631 Fairmount Avenue

Subdivision
FAIRMOUNT
Municipality
PHILADELPHIA
Ownership
Fee Simple
Style
Traditional
Structure Type
Row/Townhouse
Basement
Yes
County Name
PHILADELPHIA PA

Description

Great Fairmount location fully occupied, income-producing triplex. Zoning CMX2. All units are separately metered, have self-contained HVAC units, gas stoves & refrigerators. The first-floor unit is a two-bedroom one-bathroom receiving $990/month in rent, lease expires 4/30/20. The second-floor unit is a three-bedroom one bathroom receiving $1300/month in rent lease expires 7/31/20, hardwood floors in the unit with updated cabinets. The third-floor unit is a two-bedroom one-bathroom receiving $1350/month... in rent lease expires 7/31/20, hardwood floors in the unit with updated cabinets. The building does not have laundry.

Location

Listing Agent

Building Information for 1631 Fairmount Avenue

Stories-Residences3Year Built1920Building Size-Lot Size0.03 AC / 1,134 SF

Payment Calculator

$2,769 per month

30 year fixed, 3.51% Interest

Principal and Interest

$2,154

Property Taxes

$614

HOA Dues

$0

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Property Information for 1631 Fairmount Avenue

Rental Info
    Rental Info
  • Existing Lease Type: Yearly, Long Term
Interior / Building / Parking / Property Information
    Interior Details
  • Tax Total Finished SQFT: 2925
  • Above Grade Fin SQFT: 2925
  • Above Grade Finished Area Units: Square Feet
  • Total Finished SQFT: 2925
    Interior Features
  • Fireplaces Count: 0
  • Central Air: Yes
  • Cooling Type: Central A/C
  • Heating: Yes
  • Heating Type: Central
    Parking Information
  • Garage: No
  • Type Of Parking: On Street
    Pool / Spa Information
  • Pool: No Pool
    Location Information
  • Directions: On Fairmont Avenue in between 17th & 16th Street
  • MLS Area: 19130 (19130)
  • Sub System Locale: BRIGHT_MAIN
  • System Locale: BRIGHT
  • Tidal Water: No
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Waterfront: No
    School Information
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
    Building Information
  • Accessibility Features: None
  • Building Units Total: 3
  • Construction Materials: Masonry
  • New Construction: No
  • Other Structures: Above Grade, Below Grade
    Green Information
  • Clean Green Assessed: No
    Association Information
  • HOA: No
    Unit Information
  • One Bedroom Units Count: 0
  • Single Room Units Count: 0
  • Three Bedroom Units Count: 1
  • Two Bedroom Units Count: 2
  • Units Leased Count: 3
    Income / Expense Information
  • Owner Pays: Insurance, Pest Control, Sewer, Snow Removal, Taxes - Real Estate, Water
  • Gross Income: $43,680
  • Income Includes: Apartment Rentals
  • Insurance Expense: $2,645
  • Net Operating Income: $38,455
  • Operating Expense: $5,225
  • Annual Rental Income: $43,680
    Property Information
  • Property Type: Multi-Family
  • Land Use Code: U50
  • Lot Size Dimensions: 18.00 x 63.00
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • Lot SQFT: 1134
  • Lot Size Acres: .03
  • Navigable Water: No
  • Zoning: CMX2
  • Age: 1920.0
    Utilities Information
  • Cooling Fuel: Natural Gas
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Sewer Septic: Public Sewer
  • Water Source: Public
Room Information
    Basement
  • Basement Type: Other
  • Below Grade Fin SQFT: 0
  • Below Grade Fin SQFT Source: Assessor
  • Below Grade Finished Area Units: Square Feet
  • Below Grade Unfin Area Units: Square Feet
  • Below Grade Unfin SQFT: 0
  • Below Grade Unfin SQFT Source: Assessor
Tax / Assessment / Sale Information
    Tax / Assessment Information
  • City Town Tax: $3,327
  • County Tax: $0
  • School Tax: $4,046
  • Tax Annual Amount: $7,373
  • Tax Lot: 198
  • Tax Year: 2019
  • Tax ID Number: 152136100
  • Year Assessed: 2019
  • Improvement Assessed Value: $381,331
  • Land Assessed Value: $145,369
  • Tax Assessed Value: $526,700
    Sale Information
  • Possession: Immediate
  • Prospects Excluded: No
  • Sale Type: Standard
  • Vacation Rental: No

Property History for 1631 Fairmount Avenue

DateEvent & SourcePriceAppreciation
Nov 30, 2019Active Under Contract

BRIGHT #PAPH851724

$599,000
Nov 30, 2019Listed (Active)

BRIGHT #PAPH851724

$599,000
Nov 29, 2019Active Under Contract

BRIGHT #PAPH851724

DateEvent & SourcePrice
11/30/2019
Active Under Contract

BRIGHT #PAPH851724

$599,000
11/30/2019
Listed (Active)

BRIGHT #PAPH851724

$599,000
11/29/2019
Active Under Contract

BRIGHT #PAPH851724

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1631 Fairmount Avenue

Taxable ValueLand$145,369Additions$381,331Total$526,700
Tax Record2019$7,372
Home Facts
Finished Sq.Ft.2,925 SqFtStories3Lot Size1,134 SqFtStyleMulti-Family Res (5+ Units)Year Built1920ZoningCMX2CountyPHILADELPHIAAPN152136100

Schools near 1631 Fairmount Avenue

AllElementaryMiddleHigh
SchoolTypeGradesDistanceRating
Franklin LCPublic9-120.2 mi
4
Waring Laura W SchoolPublicPK-80.2 mi
1
Masterman Julia R Secondary SchoolPublic5-120.3 mi
9
Franklin Benjamin High SchoolPublic9-120.3 mi
1

Franklin LC

9-12, 0.2 mi, Public

4

Waring Laura W School

PK-8, 0.2 mi, Public

1

Masterman Julia R Secondary School

5-12, 0.3 mi, Public

9

Franklin Benjamin High School

9-12, 0.3 mi, Public

1

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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